I have given 2 months notice to my existing landlord and must be out of my rented apartment in Stilton by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in three weeks as don't want to have to move into temporary accommodation?
The normal practice is not to give notice for your letting until your lawyer suggests that you should. Assuming that you have not previously done so, speak to your lawyer and ask them to they apply pressure on the sellers lawyers, try to an acceptable time-line that all parties will work towards
Is it necessary to pay for insurance to cover chancel repairs when buying a property in Stilton?
Unless a previous acquisition of the premises completed after 12 October 2013 you could assume that conveyancing practitioners delivering conveyancing in Stilton to continue to recommend a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Stilton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Stilton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a leasehold apartment up to £235,500 and identified one close by in Stilton I like with amenity areas and station nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Stilton in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan the shortness of the lease may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
What does commercial conveyancing in Stilton cover?
Commercial conveyancing in Stilton covers a broad range of advice, offered by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.